Investors' Soapbox PM

Buy Comcast Cheaper Through Time Warner Cable

In this report, we model Comcast pro forma for the Time Warner Cable merger, the asset swap and sale transactions with Charter Communications, and spinning off "Spinco."

We've incorporated information from Comcast (ticker: CMCSA) recent S-4, as well as the supplemental data released on June 25. Note that the S-4 contains unaudited financials, which are subject to change. Our conclusion is that a six- to...